Concentra Group Holdings Parent, Inc. (CON) To Go Ex-Dividend on August 20th

Concentra Group Holdings Parent, Inc. (NYSE:CON) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, August 20th will be given a dividend of 0.0625 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 20th.

Concentra Group Holdings Parent Stock Performance

CON opened at $30.48 on Friday. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.26 and a current ratio of 1.26. Concentra Group Holdings Parent has a 52-week low of $18.55 and a 52-week high of $32.86. The firm has a market cap of $3.90 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62. The business’s fifty day moving average is $29.62 and its 200-day moving average is $25.36.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.10. Concentra Group Holdings Parent had a net margin of 7.97% and a return on equity of 47.14%. The business had revenue of $606.03 million during the quarter, compared to analysts’ expectations of $591.75 million. During the same quarter in the prior year, the business posted $0.37 earnings per share. Concentra Group Holdings Parent’s revenue was up 10.0% compared to the same quarter last year. Sell-side analysts expect that Concentra Group Holdings Parent will post 1.52 EPS for the current fiscal year.

Insider Buying and Selling

In other Concentra Group Holdings Parent news, Director Robert A. Ortenzio sold 130,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $31.84, for a total transaction of $4,139,200.00. Following the completion of the sale, the director owned 503,455 shares of the company’s stock, valued at approximately $16,030,007.20. This represents a 20.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 390,000 shares of company stock valued at $11,354,200 in the last quarter. Corporate insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of Concentra Group Holdings Parent by 7.6% in the 1st quarter. Royal Bank of Canada now owns 81,441 shares of the company’s stock worth $1,767,000 after acquiring an additional 5,754 shares in the last quarter. AQR Capital Management LLC bought a new stake in Concentra Group Holdings Parent in the first quarter worth approximately $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Concentra Group Holdings Parent by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,515 shares of the company’s stock worth $1,422,000 after purchasing an additional 2,873 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Concentra Group Holdings Parent by 48.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,329,498 shares of the company’s stock valued at $28,850,000 after buying an additional 434,503 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Concentra Group Holdings Parent by 10.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,526 shares of the company’s stock worth $4,568,000 after buying an additional 19,846 shares in the last quarter.

About Concentra Group Holdings Parent

Concentra Group Holdings Parent (NYSE:CON) is a Canada-based financial services holding company that specializes in serving Canadian credit unions and their members. Through its operating subsidiaries, the group provides wholesale funding, lending solutions and investment management services tailored to the unique needs of cooperative financial institutions. Concentra’s broad suite of offerings includes trust and custody services, mortgage investment products and equipment financing, all designed to support credit-union growth and stability.

In addition to wholesale funding and lending, Concentra Group Holdings Parent distributes life and general insurance products through affiliated insurance brokers and credit-union channels.